The commercial property tax rates in Calgary and Edmonton
are two to three times higher than residential rates, with little rationale,
says a report released on Thursday by public policy think-tank the Fraser
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Cresa, the world’s largest commercial real estate company
that exclusively represents tenants and occupiers of space, has expanded its
presence in Canada with a new office in Edmonton.
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Calgary-based real estate investor Bob Dhillon has a simple
plan to grow his rental apartment business in Western Canada – jump on the
opportunity to provide growing numbers of millennials and international
students with places to call home.
Read more: https://bit.ly/35DFNXK
The city is looking at adding a half-million dollars to its
cost-sharing agreement with a land developer to cover LRT track replacements
and other expenses at Stadium Station.
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EDMONTON — Fixing two historic fixtures on Whyte Avenue and
Jasper Avenue is proving to be more work for developers than anticipated, and
now they are asking the city for more money.
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The city is looking to sell an undeveloped 19.7-acre plot of
land in south Edmonton for more than $5 million.
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A massive Mayfield Toyota dealership is pulling into West
Edmonton Mall and the company is bringing some new parking along with it.
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Starting Monday, drivers will no longer be able to access
Yellowhead Trail from 89 Street.
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In the past year, employment in the Calgary census
metropolitan area has risen by 50,300 positions while in the Edmonton CMA it
has fallen by 9,200, according to data released Friday by Statistics Canada.
Read more: https://bit.ly/2MwUvHh
Despite the Edmonton-Calgary rivalry, there’s at least one
import from our northern neighbour that appears to be a welcome addition to the
local real estate market: backyard suites.
Read more: https://bit.ly/327Yi4r